Floating Hotel Market
Explore Future Market Insights’ extensive analyses of key Floating Hotels Market Trends, segmental analysis and prospects in key regions
Floating Hotels Market by Type, room Type & Region - Forecast 2022 – 2032
Floating Hotels Market Outlook (2022-2032)
[300 Pages Report] The Global Floating Hotels market is estimated to reach US$ 4.2 Bn in 2022. As per the report, sales are forecasted to increase at a robust 6 % CAGR.
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Attribute |
Details |
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The Global Floating Hotels Market Estimated Size (2022) |
US$ 4.2 Bn |
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The Global Floating Hotels Market Projected Size (2032) |
US$ 57.6 Bn |
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The Global Floating Hotels Market Value-based CAGR (2022-2032) |
6% |
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The Global Floating Hotels Market Top players market share |
~6%- 10% |
Total sales in the Global Floating Hotels market represent 5-8% of the global hotel market.
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2017-2021 Global Floating Hotels Market Outlook Compared to 2022-2032 Forecast
Throughout the projection period, it is expected that the Global Floating Hotels market would expand steadily. Over the past several years, floating hotels have become more popular all over the world. They are constructed along waterways. These hotels resemble other conventional hotels and have all the facilities, but they are built on columns that are elevated from the water bed. The floating hotels draw a large number of tourists and are a popular honeymoon location for recently wed couples.
What are the driving factors that are helping in the growth of floating hotels globally?
The market for floating hotels is primarily driven by an increase a tendency toward vacationing, a rise in the population of the service class, and the attractive offers and discounts that floating hotels give. Additionally, the floating hotel guarantees action-packed vacations, which are typically chosen by families. The package includes activities like swimming with dolphins and relaxing on beaches, and this boosts demand for floating hotels across the world.
Trends in the building and infrastructure of floating hotels include portable air hotels, hotels inside ships, and other innovations.
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Talk to AnalystWhat are some of the possible obstacles that might prevent the Global Floating Hotels industry from expanding?
Despite the fact that the demand for floating hotels in the hotel industry is considered as promising, there are several challenges that are impeding the expansion of the floating hotel sector, including expensive prices for important services given that it is a high-end part of the hotel industry.
In addition, visitors' desire to experience new places and accommodations prevents them from returning to the same hotel frequently or immediately. Another limitation is the floating hotel's location, which may not be what the client would desire.
Country-wise Insights
Which Country in North America holds the largest market share?
“US dominates the floating hotel market in North America region.”
Globally, the floating hotel market was led by the North American continent. The trend of floating hotels is also anticipated to persist during the projection period. Due to its status as a global financial centre and one of the most sought-after travel destinations, the United States accounted for the biggest revenue share in that market in 2022.
One of the nations with the largest market shares in the floating hotel sector is the US. In the United States, the floating hotel market is booming. It is anticipated that an increase in the number of international sporting events, trade shows, and exhibits will boost both local and foreign tourism. The expansion of the travel and tourism sector , as well as shifting standards of living, have fuelled the market trends for luxury hotels to increase steadily.
What is the outlook Floating Hotels market in India?
“Industry is expected to grow in India during the forecast period.”
India has traditionally had floating hotels that have served various functions at various times. However, these homes are now thought of as being luxurious.
For instance, Taj Lake Palace is one of the most opulent and well-known floating hotels in the world and an iconic building. This opulent residence, which is ideally situated on the waters of the artificial Lake Pichola, has housed some of the wealthiest and most notable individuals. The location was utilised for the 1983 filming of the Hollywood movie Octopussy, as any James Bond fan would know.
Why is the intraband medical tourism sector is increasing in the UK?
The development of the industry is being fuelled by the UK's healthcare system, which continues to be among the most sophisticated and precise in the world.
Over the past fifteen years, the medical tourism sector has grown to be a multi-billion industry. In the subject of neuromusculoskeletal medicine, the UK is home to some of the most famous professionals. Due to this, the UK intrabound medical tourism industry draws patients with complex and uncommon orthopaedic issues, resulting in the development of the UK as a centre for cutting-edge orthopaedic procedures and therapies. gaining international recognition for its orthopaedic therapies. With outstanding, worldwide renowned facilities, the UK has long been one of the leaders in the field of medical research. As a result, the nation today has highly competent professionals from a variety of medical specialties, including well-known experts. Due to the influx of high-net-worth medical tourists seeking treatment for a range of ailments in the UK, the medical tourism industry in the country is a very lucrative one. The secret to boosting sales will be to give these customers a luxurious experience, as well as first-rate care throughout treatment and thereafter.
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Category-wise Insights
Online travel providers have made improvements to their Web sites, making it easier to identify hotels that are near to popular hospitals (Agoda, 2009), and some hotels are even providing specialized training for employ-ees who care for medical tourists. The Ramada Plaza Herradura in Costa Rica, for example, in 2009 used Medical Tourism Training Inc., a Massachusetts company, to deliver a two session training program called Caring for the Medical Tourist.
What is the consumers' preferred booking channel?
"Among visitors, online booking is the most popular booking method"
For guests staying in floating hotels, online reservations are the most common choice. This is because using these booking systems is so easy. Hotels, hostels, and lodges are just a few of the lodging options available to the customer. With most customers increasingly preferring to arrange their vacations online rather than in person, the COVID-19 epidemic has also led to a change in consumer behaviour.
Which sort of accommodation is most likely to be favoured by travellers?
Due to its high quality and reasonable rates, the Single Occupancy Rooms command the largest part of the available rooms.
It is anticipated that the rising popularity of affordably priced luxury services in the single occupancy room type category would increase travel to upscale hotels and propel this market segment to dominance. Depending on the kind of accommodation, there are differences in the number and quality of services offered to visitors.
The market for floating hotels is dominated by single occupancy segments worldwide. Due to the lower cost of single occupancy compared to double occupancy, it is more common than double occupancy. Therefore, for the customer, single occupancy is the most economical. a single bed is available for solo occupancy. Additionally, it contains a tiny writing desk, a small bedside table, a small dressing table, and an attached bathroom.
Competitive Landscape
The activities and presence of floating hotel chains are being aggressively expanded in a number of countries. Several hotel companies are creating new promotions and creating specialty markets and services to stand out from the competition and draw customers.
For Instance:
- In the peninsular nation of Qatar, HAADS intends to construct the world's first floating eco-hotel. 2025 is the target completion date established by the company, which is almost as audacious as the hotel itself. Qatar is buildingThe unique capacity of the future design to spin and generate clean energy, much like a huge hydro generator, is what distinguishes it from other designs. The hotel creates power by autonomously rotating its position and transforming the energy of running water into electricity, according to the project specifications provided by HAADS.
Scope of Report
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Attribute |
Details |
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Forecast Period |
2022-2032 |
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Historical Data Available for |
2017-2021 |
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Market Analysis |
US$ Million for Value |
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Key Region Covered |
North America, Latin America, Europe, East Asia, South Asia, Oceania & MEA |
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Key Countries Covered |
United States, Canada, Brazil, Mexico, Germany, U.K., France, Spain, Italy, Russia, Benelux, South Africa, Northern Africa GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand. |
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Key Segments Covered |
Treatment Type, Services, Tour Type, Consumer Orientation, Age Group, Booking Channel, and Region. |
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Key Companies Profiled |
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Report Coverage |
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
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Customization & Pricing |
Available upon Request |
Global Floating Hotels Market by Category
By Room Type: Global Floating Hotels Market is segmented as
- Single Occupancy
- Double Occupancy
By Price Range: Global Floating Hotels Market is segmented as
- Economical
- Mass
- Premium
By Booking Channel: Global Floating Hotels Market is segmented as
- Phone Booking
- Online Booking
- In-Person Booking
Frequently Asked Questions
What is the current Global Floating Hotels market value?
The Global Floating Hotels market is currently valued at US$ 4.2 Bn in 2022.
What is the forecasted growth rate for the Global Floating Hotels market?
The Global Floating Hotels market is forecasted to grow at a CAGR of 6% during the forecast period.
Who are the leading players in the Global Floating Hotels market?
Leading players operating in the Global Floating Hotels market are Bora Bora Lagoon Resort & Spa, ReefWorld, Aerohotel , Floating & Rotating Hotel Tower, Oberoi Udaivilas, King Pacific Lodge, Punta Caracol, Dragon Inn Floating Resort , Conrad Maldives, Soneva Gili by Six Senses, Queen Mary Long Beach, etc. are among others.
Table of Content
1. Executive Summary 1.1. Global Floating Hotels Market Outlook 1.1.1. What are Global travel agency services? 1.1.2. How Much Do They Spend 1.1.3. Direct Contribution of Global Floating Hotels to GDP 1.1.4. Direct Contribution of Global Floating Hotels to Employment 1.2. Global Floating Hotels Evolution Analysis 1.3. FMI Analysis and Recommendations 2. Market Introduction 2.1. Total Spending (US$ Mn) and Forecast (2022-2032) 2.2. Number of Global Floating Hotels (Mn) and Forecast (2022-2032) 2.3. Total Spending Y-o-Y Growth Projections (2022-2032) 2.4. Number of Global Floating Hotels Tourists Y-o-Y Growth Projections 3. Global Floating Hotels Dynamics 3.1. Market Drivers & Opportunities 3.1.1. Why is the Global Floating Hotels market doing so well in recent years? 3.1.2. How is digital marketing helping to grow the Global Floating Hotels market? 3.1.3. Others (during course study) 4. Market Background 4.1. Top 10 Global Floating Hotels 4.2. Macro-Economic Factors 4.2.1. Global GDP Growth Outlook 4.2.2. Global Industry Value Added 4.2.3. Global Consumer Spending Outlook 4.2.4. Global Direct contribution of Global Floating Hotels to GDP 4.2.5. Global Visitor Exports and International Tourist Arrivals 4.2.6. Capital Investment in Global travel agency services 4.2.7. Top Global Floating Hotels Spending Countries 4.3. Forecast Factors - Relevance & Impact 5. Categorizing of Global Floating Hotels 22021 5.1. Introduction/ Key Findings 5.2. Current Market Analysis by Room Type (% of Demand) 5.2.1. Single Occupancy 5.2.2. Double Occupancy 5.3. Current Market Analysis by Price Range 5.3.1. Economical 5.3.2. Mass 5.3.3. Premium 5.4. Current Market Analysis by Booking Channel (% of Demand) 5.4.1. Phone Booking 5.4.2. Online Booking 5.4.3. In Person Booking 5.5. Current Market Analysis by Region (% of Demand) 5.5.1. North America 5.5.2. Latin America 5.5.3. Europe 5.5.4. East Asia 5.5.5. South Asia 5.5.6. Oceania 5.5.7. MEA 5.6. Key Findings, By Each Category 6. Categorizing of North America Global Floating Hotels 2021 6.1. Introduction/ Key Findings 6.2. Current Market Analysis by Room Type (% of Demand) 6.2.1. Single Occupancy 6.2.2. Double Occupancy 6.3. Current Market Analysis by Price Range 6.3.1. Economical 6.3.2. Mass 6.3.3. Premium 6.4. Current Market Analysis by Booking Channel (% of Demand) 6.4.1. Phone Booking 6.4.2. Online Booking 6.4.3. In Person Booking 6.5. Current Market Analysis by Country (% of Demand) 6.5.1. US 6.5.2. Canada 6.6. Key Findings, By Each Category 7. Categorizing of Latin America Global Floating Hotels 2021 7.1. Introduction/ Key Findings 7.2. Current Market Analysis by Room Type (% of Demand) 7.2.1. Single Occupancy 7.2.2. Double Occupancy 7.3. Current Market Analysis by Price Range 7.3.1. Economical 7.3.2. Mass 7.3.3. Premium 7.4. Current Market Analysis by Booking Channel (% of Demand) 7.4.1. Phone Booking 7.4.2. Online Booking 7.4.3. In Person Booking 7.5. Current Market Analysis by Country (% of Demand) 7.5.1. Brazil 7.5.2. Mexico 7.5.3. Argentina 7.5.4. Colombia 7.5.5. Rest of LA 7.6. Key Findings, By Each Category 8. Categorizing of Europe Global Floating Hotels 2021 8.1. Introduction/ Key Findings 8.2. Current Market Analysis by Room Type (% of Demand) 8.2.1. Single Occupancy 8.2.2. Double Occupancy 8.3. Current Market Analysis by Price Range 8.3.1. Economical 8.3.2. Mass 8.3.3. Premium 8.4. Current Market Analysis by Booking Channel (% of Demand) 8.4.1. Phone Booking 8.4.2. Online Booking 8.4.3. In Person Booking 8.5. Current Market Analysis by Country (% of Demand) 8.5.1. Germany 8.5.2. Russia 8.5.3. France 8.5.4. Italy 8.5.5. UK 8.5.6. Rest of Europe 8.6. Key Findings, By Each Category 9. Categorizing of East Asia Global Floating Hotels 2021 9.1. Introduction/ Key Findings 9.2. Current Market Analysis by Room Type (% of Demand) 9.2.1. Single Occupancy 9.2.2. Double Occupancy 9.3. Current Market Analysis by Price Range 9.3.1. Economical 9.3.2. Mass 9.3.3. Premium 9.4. Current Market Analysis by Booking Channel (% of Demand) 9.4.1. Phone Booking 9.4.2. Online Booking 9.4.3. In Person Booking 9.5. Current Market Analysis by Country (% of Demand) 9.5.1. China 9.5.2. Japan 9.5.3. South Korea 9.6. Key Findings, By Each Category 10. Categorizing of South Asia Global Floating Hotels 2021 10.1. Introduction/ Key Findings 10.2. Current Market Analysis by Room Type (% of Demand) 10.2.1. Single Occupancy 10.2.2. Double Occupancy 10.3. Current Market Analysis by Price Range 10.3.1. Economical 10.3.2. Mass 10.3.3. Premium 10.4. Current Market Analysis by Booking Channel (% of Demand) 10.4.1. Phone Booking 10.4.2. Online Booking 10.4.3. In Person Booking 10.5. Current Market Analysis by Country (% of Demand) 10.5.1. India 10.5.2. Malaysia 10.5.3. Indonesia 10.5.4. Thailand 10.5.5. Philippines 10.5.6. Cambodia 10.5.7. Vietnam 10.5.8. Rest of SA 10.6. Key Findings, By Each Category 11. Categorizing of Oceania Global Floating Hotels 2021 11.1. Introduction/ Key Findings 11.2. Current Market Analysis by Room Type (% of Demand) 11.2.1. Single Occupancy 11.2.2. Double Occupancy 11.3. Current Market Analysis by Price Range 11.3.1. Economical 11.3.2. Mass 11.3.3. Premium 11.4. Current Market Analysis by Booking Channel (% of Demand) 11.4.1. Phone Booking 11.4.2. Online Booking 11.4.3. In Person Booking 11.5. Current Market Analysis by Country (% of Demand) 11.5.1. Australia 11.5.2. New Zealand 11.6. Key Findings, By Each Category 12. Categorizing of Middle East and Africa Global Floating Hotels 2021 12.1. Introduction/ Key Findings 12.2. Current Market Analysis by Room Type (% of Demand) 12.2.1. Single Occupancy 12.2.2. Double Occupancy 12.3. Current Market Analysis by Price Range 12.3.1. Economical 12.3.2. Mass 12.3.3. Premium 12.4. Current Market Analysis by Booking Channel (% of Demand) 12.4.1. Phone Booking 12.4.2. Online Booking 12.4.3. In Person Booking 12.5. Current Market Analysis by Country (% of Demand) 12.5.1. Turkey 12.5.2. South Africa 12.5.3. UAE 12.5.4. Egypt 12.5.5. Jordan 12.5.6. Rest of MEA 12.6. Key Findings, By Each Category 13. Competition Analysis 13.1. Competition Dashboard 13.2. Competition Benchmarking 13.3. Competition Deep Dive 13.3.1. Bora Bora Lagoon Resort & Spa 13.3.1.1. Overview 13.3.1.2. Service Portfolio 13.3.1.3. Strategy Overview/campaigns 13.3.2. ReefWorld, Aerohotel 13.3.2.1. Overview 13.3.2.2. Service Portfolio 13.3.2.3. Strategy Overview/campaigns 13.3.3. Floating & Rotating Hotel Tower 13.3.3.1. Overview 13.3.3.2. Service Portfolio 13.3.3.3. Strategy Overview/campaigns 13.3.4. Oberoi Udaivilas 13.3.4.1. Overview 13.3.4.2. Service Portfolio 13.3.4.3. Strategy Overview/campaigns 13.3.5. King Pacific Lodge 13.3.5.1. Overview 13.3.5.2. Service Portfolio 13.3.5.3. Strategy Overview/campaigns 13.3.6. Punta Caracol 13.3.6.1. Overview 13.3.6.2. Service Portfolio 13.3.6.3. Strategy Overview/campaigns 13.3.7. Dragon Inn Floating Resort 13.3.7.1. Overview 13.3.7.2. Service Portfolio 13.3.7.3. Strategy Overview/campaigns 13.3.8. Conrad Maldives 13.3.8.1. Overview 13.3.8.2. Service Portfolio 13.3.8.3. Strategy Overview/campaigns 13.3.9. Soneva Gili by Six Senses 13.3.9.1. Overview 13.3.9.2. Service Portfolio 13.3.9.3. Strategy Overview/campaigns 13.3.10. Queen Mary Long Beach 13.3.10.1. Overview 13.3.10.2. Service Portfolio 13.3.10.3. Strategy Overview/campaigns 13.3.11. Other Players (As Per Request) 13.3.11.1. Overview 13.3.11.2. Service Portfolio 13.3.11.3. Strategy Overview/campaigns 14. Social Media Sentimental Analysis 14.1. Social Media Platforms Preferred 14.1.1. Facebook 14.1.2. YouTube 14.1.3. Instagram 14.1.4. Twitter 14.1.5. LinkedIn 14.1.6. Pinterest 14.1.7. Google+ 14.1.8. Others 14.2. Perceptions on the Proposed Global Floating Hotels Tour Package 14.3. Trending #Hashtags 14.4. Social Media Platform Mentions (% of Total Mentions) 14.5. Region-Wise Social Media Mentions (% of Total Mentions) 14.6. Trending Subject Titles 15. Assumptions and Acronyms Used 16. Research Methodology
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